Carl Runefelt, a well-known analyst and investor, has shared his technical analysis on Ethereum, suggesting that the long-awaited rally may be just around the corner. According to Runefelt, ETH’s breakout from the current supply zone could lead to a substantial price surge, attracting bullish momentum for Ethereum and a broader range of altcoins. The next few days are critical for Ethereum’s price action as the market awaits signals that could define the direction of this potential rally.
Prominent crypto analyst Carl Runefelt recently shared a technical analysis on X, highlighting Ethereum’s imminent breakout from the bullish triangle pattern. According to Runefelt, Ethereum is approaching a key moment, and a breakout from this pattern could lead to a major rally.
Ethereum Testing Crucial Supply Ethereum has been trading within a bullish triangle formation since early August, and the moment of truth for a potential breakout may be close. ETH has underperformed BTC throughout the year, causing many investors and traders to question ETH’s strength during this cycle.
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